NOT LISTED FOR SALE

50 Cove Rd Old Lyme, CT 06371

Estimated Value: $652,583 - $740,000

3 Beds
2.5 Baths
1,800 Sq Ft
$387/Sq Ft Est. Value

Highlights

  • Waterfront
  • Cape Cod Architecture
  • No HOA
  • Lyme Consolidated School Rated A-
  • 1 Fireplace
  • Central Air

About This Home

As of April 2016

Sited on a lovely landscaped lot, this charming Cape has been completely renovated with a stunning new kitchen highlighted by new stainless appliances and granite countertops and a fabulous new Master bath with marble vanity, flooring and new frameless shower. Freshly painted, each room is warm and welcoming, including the spectacular Great Room with vaulted ceiling and bay window incorporating space for a dining area, and a separate formal living room with fieldstone fireplace and bay window that catches glimpses of Hamburg Cove. The first floor Master suite is spacious with lots of closets and the second level has two large guest bedrooms with a shared bath. This is a perfect long-term rental for a transitioning couple who would like one-floor living but plenty of room for family and friends. A lovely covered deck off the kitchen is the perfect spot for outdoor dining or entertaining. Simply wonderful!

Last Agent to Rent the Property

Jennifer Caulfield

William Pitt Sotheby's Int'l License #RES.0360692 Listed on: 08/01/2015

William Pitt Sotheby's Int'l

Last Renter's Agent

Jennifer Caulfield

William Pitt Sotheby's Int'l License #RES.0360692 Listed on: 08/01/2015

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,895

Year Built

  • Built in 1959

Lot Details

  • Waterfront

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 1,800 Sq Ft Home
  • 1 Fireplace
  • Concrete Flooring
  • Water Views
  • Storage In Attic
  • Washer

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry
  • Garage Access

Parking

  • 1 Car Garage
  • Basement Garage
  • Tuck Under Garage

Schools

  • Lyme Elementary School
  • Lyme/Old Lyme Middle School
  • Lyme/Old Lyme High School

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • Private Company Owned Well
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,895

Year Built

Built in 1959

Lot Details

0

Rental Info

  • Pets Allowed Info: Case by Case
  • Landlord Requirements: Credit Check, Security Deposit
  • Pets Allowed: Yes
  • Rental Duration: Two Years, Yearly Unfurnished
  • Smoking Allowed: No
  • Tenant Responsibility: Cable TV, Electricity, Hot Water, Liability Insurance

Listing Details

  • Property Type: Residential Rental
  • Potential Short Sale: No
  • Style: Cape Cod
  • Total Sq Ft: 1800
  • Year Built: 1959
  • Property Sub Type: Single Family Rental
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Route 156 North to Cove Road to #50 - sign
  • Special Features: None

Interior Features

  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Storage Space
  • Basement Description: Concrete Floor, Garage Access, Interior Access, Partial, Unfinished
  • Interior Amenities: Cable - Available
  • Appliances: Dishwasher, Disposal, Oven/Range, Refrigerator, Washer
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No
  • Street Number Modifier: 50

Exterior Features

  • Waterfront Description: View
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Open, Under House Garage
  • Garages Number: 1

Utilities

  • Cooling System: Central Air
  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Lyme
  • Middle School: Lyme/Old Lyme
  • High School: Lyme/Old Lyme

Lot Info

  • Flood Zone: No

Tax Info

  • Tax Year: July 2015-June 2016
  • Mil Rate Total: 17.750
  • Assessor Parcel Number: 1521485

MLS Schools

  • Elementary School: Lyme
  • Middle Jr High School: Lyme/Old Lyme
  • High School: Lyme/Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 1999
Sold by
Baskin Myrna F and Baskin Arnold M
Bought by
Niblack John F
Current Estimated Value
$696,861

Purchase Details

Closed on
Jul 22, 1987
Sold by
Bernstein Gertrude
Bought by
Baskin Arnold

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
10.67%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Niblack John F $590,000 --
Baskin Arnold $1,325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baskin Arnold $366,700
Previous Owner Baskin Arnold $525,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2016 04/01/16 Rented $2,500 -16.7% --
03/20/2016 03/20/16 Under Contract -- -- --
08/01/2015 08/01/15 For Rent $3,000 +50.0% --
03/10/2013 03/10/13 Rented $2,000 0.0% --
02/25/2013 02/25/13 Under Contract -- -- --
01/18/2013 01/18/13 For Rent $2,000 -- --
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,895 $337,600 $187,300 $150,300
2024 $4,895 $337,600 $187,300 $150,300
2023 $4,446 $228,000 $118,900 $109,100
2022 $4,549 $228,000 $118,900 $109,100
2021 $4,259 $213,500 $118,900 $94,600
2020 $4,259 $213,500 $118,900 $94,600
2019 $4,259 $213,500 $118,900 $94,600
2018 $4,490 $241,400 $148,600 $92,800
2017 $4,406 $241,400 $148,600 $92,800
2016 $4,406 $241,400 $148,600 $92,800
2015 $4,285 $241,400 $148,600 $92,800
2014 $4,104 $241,400 $148,600 $92,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: N10068523

SmartMLS

APN: LYME-000026-000000-000026